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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
2888 2nd N Ave Palm Springs, FL 33461-4114
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4679763
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1955
Total area
5,130 SF
Lot
0.53 ac (22,952 SF)
Zoning code
CG
APN
70-43-44-20-02-000-0010
UPID
US18-4679763
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$535k
Owner & transaction history
Dink 2 LLC · 4 yrs held
Dink 2 LLC
since 2022
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $540k (Feb 2 2022)
Last sale anchor
$540k
Feb 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,131
Tax year 2023
Assessed value
$256,906
Assessed 2023
Previous assessed
$244,793
+4.9% YoY
Effective rate
2.00%
On assessed value
Assessed land
$253,161
Assessed improvement
$3,745
Land market value
$253,161
Improvement market value
$3,745
Total market value
$256,906
Applied tax rate
70,453.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Bathrooms
21
Total area
5,130 SF
Lot
0.53 ac (22,952 SF)
Zoning code
CG
APN
70-43-44-20-02-000-0010
UPID
US18-4679763
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Bathrooms
21
Lot
0.53 ac
Current owner
From public records · entity-resolved
Dink 2 LLC
Entity
Mailing address
8670 LEWIS RIV RD, DELRAY BEACH, FL 33446-9597
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$540,000
Dink 2 LLC
Filomena Manera
Warranty Deed
$405,000 · Filomena Manera
Sep 9, 2014
$100,000
Filomena Manera
Affordable Homes Of Palm Bch INC
Grant Deed
$65,000 · Mark Metzler
Jan 27, 2014
$100
Affordable Homes Of Palm Bch INC
Caruso,sandra L Coc
Trustees Deed
related
—
Jan 27, 2010
—
Sandra L Caruso
Arteaga,otniel
Quit Claim Deed
related
$80,000 · Affordable Homes Palm Beach
Apr 3, 2008
$95,000
Otniel Arteaga
Raul Echevarria
Warranty Deed
$95,000 · Affordable Homes Of Palm Beach INC
Apr 3, 2008
—
Raul E Echevarria
Echevarria,mariaelena A
Quit Claim Deed
—
Oct 9, 2007
—
Mariaelena Echevarria
Echevarria,raul & Mariaelena A
Quit Claim Deed
related
—
Feb 20, 2004
$150,000
Raul Echevarria
Novello,raymond & Lisa
Grant Deed
—
Mar 28, 2003
—
Raymond Novello
—
Trustees Deed
related
$12,000 · Arthur Brothers
—
—
Sandra L Caruso
—
Deed Of Trust
related
$80,000 · Affordable Homes Palm Beach
—
—
Sandra L Caruso
—
Deed Of Trust
related
$80,000 · Affordable Homes Palm Beach
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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